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Title 15 — Commerce and TradeRelease 119-73not60

§1693p Reports to Congress

Title 15 › Chapter 41— CONSUMER CREDIT PROTECTION › Subchapter VI— ELECTRONIC FUND TRANSFERS › § 1693p

Last updated Apr 3, 2026|Official source

Summary

The Bureau must send reports to Congress within 12 months after the effective date of this subchapter and then once each year. Each report must explain how the Bureau is carrying out its duties and include any recommendations the Bureau thinks are needed. The report must say how well people are following the subchapter, give a summary of enforcement actions taken under section 1693o, and describe effects on costs and benefits to financial institutions and consumers, on competition, on new technology, on how financial institutions operate, and on whether consumer protections are adequate. When doing this work, the Bureau may ask other federal agencies for their views if those agencies regulate or supervise groups covered by this subchapter.

Full Legal Text

Title 15, §1693p

Commerce and Trade — Source: USLM XML via OLRC

(a)Not later than twelve months after the effective date of this subchapter and at one-year intervals thereafter, the Bureau shall make reports to the Congress concerning the administration of its functions under this subchapter, including such recommendations as the Bureau deems necessary and appropriate. In addition, each report of the Bureau shall include its assessment of the extent to which compliance with this subchapter is being achieved, and a summary of the enforcement actions taken under section 1693o 11 See References in Text note below. of this title. In such report, the Bureau shall particularly address the effects of this subchapter on the costs and benefits to financial institutions and consumers, on competition, on the introduction of new technology, on the operations of financial institutions, and on the adequacy of consumer protection.
(b)In the exercise of its functions under this subchapter, the Bureau may obtain upon request the views of any other Federal agency which, in the judgment of the Bureau, exercises regulatory or supervisory functions with respect to any class of persons subject to this subchapter.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

For

Effective Date

of this subchapter, referred to in subsec. (a), see section 921 of Pub. L. 90–321, set out as an

Effective Date

note under section 1693 of this title. section 1693o of this title, referred to in subsec. (a), was in the original “section 917 of this title”, and was translated as meaning section 918 of title I of Pub. L. 90–321 to reflect the probable intent of Congress and the renumbering of section 917 of title I of Pub. L. 90–321 as section 918 by Pub. L. 111–24, title IV, § 401(1), May 22, 2009, 123 Stat. 1751. Codification Renumbering of section 918 of Pub. L. 90–321 as section 919 by section 401(1) of Pub. L. 111–24 was executed prior to the renumberings of section 919 of Pub. L. 90–321 as section 920 and then as section 921 by section 1073(a)(3) and 1075(a)(1) of Pub. L. 111–203 as the probable intent of Congress, notwithstanding section 403 of Pub. L. 111–24, set out as an

Effective Date

note under section 1693l–1 of this title and section 4 of Pub. L. 111–203, set out as an

Effective Date

note under section 5301 of Title 12, Banks and Banking, which provided that the renumbering by Pub. L. 111–24 was effective 15 months after
May 22, 2009, and the renumberings by Pub. L. 111–203 were effective 1 day after
July 21, 2010.

Prior Provisions

Two prior section 921 of Pub. L. 90–321 were renumbered section 922 and are classified to section 1693q and 1693r of this title. Another prior section 921 of Pub. L. 90–321 was renumbered section 923 and is classified as an

Effective Date

note under section 1693 of this title.

Amendments

2010—Pub. L. 111–203, § 1084(1), substituted “Bureau” for “Board” wherever appearing. 1982—Subsec. (a). Pub. L. 97–375 struck out requirement that the Attorney General make a report on the same terms as the Board, and that such report also contain an analysis of the impact of this subchapter on the operation, workload, and efficiency of the Federal courts, and substituted “necessary and appropriate” for “necessary or appropriate”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by section 1084(1) of Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Reference

Citations & Metadata

Citation

15 U.S.C. § 1693p

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60